* Universal Insurance Holdings Inc reported quarterly adjusted earnings of $1.21 per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 87 cents. The mean expectation of two analysts for the quarter was for earnings of $1.03 per share. Wall Street expected results to range from 90 cents to $1.15 per share.
* Revenue rose 13.7% to $344.96 million from a year ago; analysts expected $340.09 million.
* Universal Insurance Holdings Inc's reported EPS for the quarter was $1.21.
* The company reported quarterly net income of $35.42 million.
* Universal Insurance Holdings Inc shares had risen by 3.5% this quarter and gained 21.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 10.9% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the property & casualty insurance peer group is "hold."
Wall Street's median 12-month price target for Universal Insurance Holdings Inc is $25.00 This summary was machine generated from LSEG data July 25 at 10:24 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 1.03 1.21 Beat
Mar. 31 2024 1.05 1.07 Beat
Dec. 31 2023 0.25 0.43 Beat
Sep. 30 2023 -0.29 -0.16 Beat
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